Transamerica Financial Advisors Inc. lifted its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,892 shares of the network technology company’s stock after purchasing an additional 2,078 shares during the period. Transamerica Financial Advisors Inc.’s holdings in F5 Networks were worth $793,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of FFIV. AQR Capital Management LLC grew its holdings in shares of F5 Networks by 66.2% in the third quarter. AQR Capital Management LLC now owns 1,806,836 shares of the network technology company’s stock worth $360,319,000 after purchasing an additional 719,638 shares during the last quarter. Janus Henderson Group PLC grew its holdings in F5 Networks by 285.4% during the 3rd quarter. Janus Henderson Group PLC now owns 572,454 shares of the network technology company’s stock worth $114,159,000 after acquiring an additional 423,915 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in F5 Networks by 138.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 639,008 shares of the network technology company’s stock worth $127,430,000 after acquiring an additional 370,827 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in F5 Networks by 632.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 400,039 shares of the network technology company’s stock worth $79,776,000 after acquiring an additional 345,391 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in F5 Networks by 42.5% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,098,760 shares of the network technology company’s stock worth $219,114,000 after acquiring an additional 327,447 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.
In other F5 Networks news, Director Sandra E. Bergeron sold 8,900 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $169.54, for a total transaction of $1,508,906.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $339,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 4,036 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $159.50, for a total transaction of $643,742.00. Following the transaction, the chief executive officer now directly owns 29,639 shares of the company’s stock, valued at $4,727,420.50. The disclosure for this sale can be found here. Insiders sold a total of 21,978 shares of company stock valued at $3,612,296 over the last ninety days. 0.22% of the stock is currently owned by insiders.
Shares of FFIV stock traded up $0.90 during mid-day trading on Monday, hitting $161.82. 4,019 shares of the stock traded hands, compared to its average volume of 751,742. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.06 and a beta of 0.94. F5 Networks, Inc. has a 52-week low of $133.89 and a 52-week high of $199.71.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.17. The firm had revenue of $543.80 million during the quarter, compared to analyst estimates of $547.39 million. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. F5 Networks’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.26 EPS. As a group, sell-side analysts expect that F5 Networks, Inc. will post 8.62 EPS for the current year.
Several brokerages have issued reports on FFIV. Piper Jaffray Companies reiterated an “underweight” rating and set a $157.00 target price on shares of F5 Networks in a report on Thursday, January 24th. Nomura dropped their target price on shares of F5 Networks to $155.00 and set a “neutral” rating on the stock in a report on Thursday, January 24th. Credit Suisse Group reiterated a “buy” rating and set a $218.00 target price on shares of F5 Networks in a report on Wednesday, January 16th. BidaskClub upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Finally, Cowen increased their target price on shares of F5 Networks from $186.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $175.18.
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About F5 Networks
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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